OFM Forex Broker

OFMReview Summary Founded2019 Registered Country/RegionSaint Vincent and the Grenadines RegulationNo regulation Market InstrumentsForex and CFDs on shares, indices, bullion, commodities, energies and cryptocurrencies Demo Account✅ Leverage20:1 - 500:1 Spread/ Trading PlatformMT4, MT5 Copy Trading✅ Min Deposit/ Customer SupportMultilingual support 24 hours a day Tel: + 44 ( 0 ) 203 544 9646 Email: info@ofmarkets.com Address: 1 Finsbury Market, London, EC2A 2BN, United Kingdom OFM is a financial company registered in 2019 in Saint Vincent and the Grenadines. If offers forex and CFDs trading with flexible leverage up to 1:200 via the MT4 and MT5 platforms. However, this company is not regulated, and potential risks cannot be ignored.Pros and Cons Pros Cons Multiple choices of CFDsNo Islamic accounts Demo accountsLack of regulation Flexible leverage ratiosUnclear minimum deposit No commissions MT4 and MT5 provided Copy tradingIs OFM Legit? No, OFM is not regulated by the financial services regulatory authority in Saint Vincent and the Grenadines, which means that the company lacks regulation from its registration site.What Can I Trade on OFM? OFM offers trading in forex and CFDs on shares, indices, bullion, commodities, energies and cryptocurrencies. Tradable Instruments Supported Forex✔ CFDs✔ Shares✔ Indices✔ Bullion✔ Commodities✔ Energies✔ Cryptos✔ Bonds❌ Options❌ ETFs❌Leverage The leverage is from 20:1, and can be up to 500:1. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Trading Platform Trading PlatformSupported Available Devices Suitable for MT4✔Web, desktop, mobileBeginners MT5✔Desktop, mobileExperienced tradersCopy Trading OFM provides copy trading services, and it has its own copy trading platform, called One Connect. In this platform, customers can follow experienced traders, and find some insights from their trading.